Create compensation plans that drive sales and strategic goals. Iconixx supports any combination of pay components, rules, calculations, aggregations, and sequencing with ease.
Guarantee Accurate Commission Payments For Your OrganizationOverview
Crediting and Calculation refers to a series of automatic steps that are initiated by either the user through the calculation page, or as an automatic scheduled process.
Crisp, Meaningful Visualizations for Your Sales, Compensation, and Finance TeamsOverview
Modern operational systems house massive amounts of data, and sales compensation systems are no exception. Decision makers need at-a-glance visibility of meaningful data and trends, enabling them to quickly interpret and act on data.
Optimize Sales Strategies, Reduce Risk with Robust Plan Modeling and ForecastingOverview
Simply design and review plans before releasing. Create plans in your modeling environment to achieve confidence in the actual outcomes. Accurately forecast payout amounts to enable better budgeting.
Iconixx Manages Your Company's Workflow from Assignment to Review and ApprovalOverview
Why Automate Your Workflow Process? Salary and compensation processes extend beyond one department.
Governance and ReportingOverview
Apply standard templates, create ad hoc reports, or use a vast array of analytic tools within your solution to drill deep into sales data. Access data like never before.
Iconixx for Quota ManagementOverview
Iconixx enables companies to simplify quota planning processes with our sales performance management software. Quickly and easily use valuable insights to create accurate and attainable sales quotas that align with your business goals.
Automate, Simplify, and Streamline Incentive Compensation Plans for Peak PerformanceOverview
Iconixx makes it easy to efficiently and clearly create and manage even the most complex structures for discretionary pool bonuses, management-by-objective (MBO) rewards, and noncash payouts and promotions.
Automated Merit and Salary Management That Makes It Easy to Get It RightOverview
Iconixx compensation planning software makes it easy to design, create, and manage customized salary and merit compensation plans that fit your business needs.
Sales Compensation Software by IconixxOverview
An Easier, Safer Path for Sales Performance ManagementOverview
Sales Performance Management for Your Industry. Yes, Yours.Overview
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Strengthen workplace relationships with incentive compensation plans
By Brian Thompson,
Incentive compensation plans are the foundation of many payment programs. When done right, an incentive compensation program can increase financial performance, improve employee engagement and bring an organization together. Adding a human touch to the compensation plan experience is one of the best ways a company can implement a strong incentive compensation management plan.
Clarify the link between personal performance and company success
Before launching a new ICM plan, executives can schedule meetings with individual sales people, emphasizing the relationship between their personal performance and that of the company. This clarification will show workers a company cares about their performance and the value they bring, Forbes reported. Not only will this solidify loyalty between employees and supervisors, but it will also give an executive the opportunity to field any questions about upcoming changes to a worker's compensation plan.
Take a personal interest in an employee's career growth
When an employee's performance improves, not only will company revenues increase, but so will their happiness and productivity. The right ICM plan can act not only as a way to track employee performance, but as a way to show personal investment in an employee.
With incentive compensation software, employees can cater an ICM plan to directly benefit and encourage the career development of an individual. For example, an employee may be given a reward such as a gift card or bonus when they increase their personal sales performance by 10 percent. This will not only benefit a company, but show individuals their supervisors care about seeing them succeed in a real and tangible way. When workers feel supported and encouraged, they may become more productive, engaged and happy at the office. What's more, these employees may want to stay at a company that supports their personal career growth goals, making a well developed ICM plan an important asset in employee retention.